Goldman Sachs CEO David Solomon sees resilient consumers, strong earnings, and AI productivity supporting U.S. growth.

The U.S. economy is increasingly organized around constructing data centers and the infrastructure to support them, whether the public likes it or not.

Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. The Commerce Department reported this week that growth in U.

Hiring and unemployment numbers will clarify the view of an economy generating strong growth and persistent inflation.

The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favored measure of inflation grew more slowly last month.

The resilient American consumer keeps spending, but falling confidence and stubbornly high costs tell a different story about how Americans actually feel.

Still, consumer spending — which accounts for about 70% of U.S. economic activity — increased at a healthy 3.4% annual clip, up from 0.5% in the January-March period.